SAN FRANCISCO (MarketWatch) -- Tech stocks rose in early trading led by reaction to Research In Motion Ltd.'s rimm upbeat first-quarter results and anticipation over Apple Inc.'s AAPL, +1.08% release of the iPhone. RIM shares surged $27, or more than 16%, to $192.67 after the maker of the BlackBerry smartphone reported a 73% rise in its quarterly earnings and revenue of $1.08 billion. Apple shares rose $1.39, to $121.93, as the company prepared to put the iPhone on sale at 6 p.m. local times. The tech-heavy Nasdaq Composite Index $compq rose 10 points to 2,618.
Apple, Research In Motion lead tech trading action